Conference Agenda

A globally harmonized carbon price has long been considered the most efficient way to address climate change, understood as a solution to global externality. It lies at the heart of questions about efficiency, fairness, and institutional design, all core concerns of environmental and resource economics. However, after decades of progress in national and regional carbon markets, from the EU ETS to new initiatives in Asia, Africa, and Latin America, the world still faces a fragmented landscape of carbon prices and policies. This session will connect theory with practice, examining how international coordination, market integration, and climate finance could help transform the idea of global carbon pricing into a feasible and effective policy reality. In particular, this panel will investigate whether it is possible to move from a patchwork of local schemes toward a more coherent global framework. Drawing on insights from economic theory and practical experience, leading experts from academia, policymaking, and international institutions worldwide will explore the opportunities and barriers to convergence. Discussion will cover the economics of linking emissions trading systems, the challenges of balancing efficiency with equity, and the prospects for cooperation under Article 6 of the Paris Agreement.